{"id":76072,"date":"2018-12-12T07:30:49","date_gmt":"2018-12-12T12:30:49","guid":{"rendered":"http:\/\/kendallharmon.net\/?p=76072"},"modified":"2018-12-12T06:42:26","modified_gmt":"2018-12-12T11:42:26","slug":"wsj-almost-half-of-u-s-chief-financial-officers-believe-a-recession-will-strike-the-u-s-economy-by-the-end-of-2019","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=76072","title":{"rendered":"(WSJ) Almost half of U.S. chief financial officers believe a recession will strike the U.S. economy by the end of 2019"},"content":{"rendered":"

Almost half of U.S. chief financial officers believe a recession will strike the U.S. economy by the end of 2019, with the tight labor market and\u00a0growing trade tensions<\/a> driving economic jitters among corporate America.<\/p>\n

Additionally, more than 80% of U.S. CFOs think a recession will strike by the end of 2020, according to the Duke University\/CFO Global Business Outlook survey released Wednesday.<\/p>\n

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\u201cAll of the ingredients are in place: a waning expansion that began in June 2009\u2014almost a decade ago\u2014heightened market volatility, the impact of growth-reducing protectionism, and the ominous flattening of the yield curve which has predicted recessions accurately over the past 50 years,\u201d said Campbell Harvey, a director of the survey.<\/p>\n

Trouble finding and keeping qualified employees was the executives\u2019 most-cited concern. The\u00a0U.S. unemployment rate and layoffs<\/a>\u00a0have hovered at historic lows this year, shrinking the number of skilled workers available to hire, leading many business owners to lift wages and go to extremes to put people on payrolls.<\/p>\n<\/div>\n

Read it all<\/a>.<\/p>\n

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Almost half of U.S. chief financial officers believe a recession will strike the U.S. economy by the end of 2019 https:\/\/t.co\/tIMH2ibaKd<\/a><\/p>\n

\u2014 The Wall Street Journal (@WSJ) December 12, 2018<\/a><\/p><\/blockquote>\n